Purchase Info

Here you just need to add the purchase information for the total property. Closing costs vary by location. If you are not sure of this number use 3% of the purchase price

Property Description

Purchase Price

Down Payment

Closing Costs

Annual Operating Expenses

Input in the form of $ dollars, not %

Real Estate Taxes

Repairs

Insurance

Landscaping

Utilities

Property Management

Association Dues

Trash

Miscellaneous

Financial Information

Here you just need to add Financial information for 1st and 2nd mortgage when applicable. Input number as a percentage number.

First Mortgage to Value

First Mortgage Rate

First Mortgage Length

Second Mortgage to Value

Second Mortgage Rate

Second Mortgage Length

Your Tax Bracket

Purchase Cost Breakdown

As your investment properties have tax advantages that are in part based on the depreciable values, for maximum tax benefit your tax advisor will want to know a break down of the value for each of the following. As the values will change by location, you will get the best idea of these break downs from your realtor or tax person. If you are currently not sure, a suggested rule of thumb would be as follows.

Land Value

Personal Property Value

Building Value

Income Breakdown

Monthly Rent

Vacancy Allowance

Estimated Appreciation Rate

IDEAL Summary

Note this summary assumes one full calendar year of ownership for first year.